Answer:
The statement is: True.
Explanation:
A company's scope determines which sector of the market they will focus on and in what product specifically. For new businesses, it is recommended to engage in the production of one service only so the company can have enough control of it but the organization's goal should be to diversify as long as the firm grows and starts earning stable revenues.
Answer:
The correct answer is: greater financial success.
Explanation:
Entrepreneurship brings many advantages to individuals who decide to go on with their ventures. Personal freedom, working at your own schedule, being your own boss, total control over decisions, and greater income are some of them. The disadvantage relies on the fact that all the responsibility relies on one person and working hours are likely to increase.
Answer:
$3,210.94
Explanation:
The NOPAT of the Edwards electronics can be determined through the following mentioned method.
Sales: $11,250
Operating costs: ($5,500)
Depreciation: ($1,250)
Interest payment ($218.75)
($3,500*6.25%)
Profit before tax $4,281.25
Taxes(25%) ($1,070.31)
NOPAT $3,210.94
Answer:
1. Income determines who will get what is produced
2. Consumers decide what to produce by what they are willing to buy
3. Demand determines how much will be produced
4. Businessmen decide how to produce goods to make a profit
5. Producers the human resources that make the products or perform the services
Explanation:
1. Income determines who will get what is produced
The level of disposable income in a target market determines the quality and quantity of products that will channeled to that market.
2. Consumers decide what to produce by what they are willing to buy.
It is consumers that dictates the tune in market because they are the ones paying for the goods, they have the decision-making power on what they will buy which in turn determines what firms will roduce.
3. Demand determines how much will be produced. Demand is a measure of what consumers are willing buy and in what quantity. The size of demand determines the size of the market that firms are going to supply with their products.
4. Businessmen decide how to produce goods to make a profit.
Firms use the generic strategy of cost reduction (cost leadership) or quality improvement (Product differentiation) as strategic options to decide wihich alternative will yeild more revenue.
5. Producers the human resources that make the products or perform the services.
Producers are the people at the factory floor or service centers manufacturing the good or rendering the service.
Answer: Difference = $185,948.5 - $147,285. = $38,663.5
Explanation:
To calculate the future value, you have to use the formula
fv = PA (1 + r/100)ⁿ
where
FV = future value
PA = Present Amount
r = rate
n = number of years
calculating for the future value if you earn a percent of 7.5 =
fv = 5,000 (1 + 0.075) ⁵⁰
fv = 5,000 ( 1.075)⁵⁰
fv = 5,000 (37.1897)
fv = 185,948.5
calculating the Fv when the rate is 7%
fv = 5,000 (1 + 0.070) ⁵⁰
fv = 5,000 ( 1.070)⁵⁰
fv = 5,000 (29.4570)
fv = 147,285
Then find the difference between the Fv when the rate is 7.5 and when the rate is 7
Therefore difference = $185,948.5 - $147,285. = $38,663.5
